Renaissance Technologies LLC Purchases 95,200 Shares of BARK, Inc. $BARK

Renaissance Technologies LLC raised its position in BARK, Inc. (NYSE:BARK) by 98.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,700 shares of the company’s stock after acquiring an additional 95,200 shares during the quarter. Renaissance Technologies LLC’s holdings in BARK were worth $97,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC boosted its holdings in shares of BARK by 58.1% during the second quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock worth $49,000 after purchasing an additional 20,359 shares during the period. Brevan Howard Capital Management LP purchased a new position in BARK during the 2nd quarter valued at about $32,000. BNP Paribas Financial Markets increased its holdings in BARK by 323.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock valued at $42,000 after purchasing an additional 38,526 shares during the period. Wells Fargo & Company MN raised its position in BARK by 74.9% during the 4th quarter. Wells Fargo & Company MN now owns 106,808 shares of the company’s stock valued at $64,000 after purchasing an additional 45,737 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in BARK during the 1st quarter valued at approximately $65,000. 28.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BARK shares. Jefferies Financial Group reiterated a “buy” rating and issued a $19.00 price objective on shares of BARK in a research report on Thursday, June 11th. Weiss Ratings restated a “sell (e+)” rating on shares of BARK in a report on Monday, August 3rd. Wall Street Zen upgraded BARK from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Lake Street Capital set a $12.00 price target on BARK and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.33.

BARK Price Performance

Shares of NYSE BARK opened at $9.98 on Friday. BARK, Inc. has a 1 year low of $8.15 and a 1 year high of $20.79. The company’s 50-day moving average is $9.66 and its 200 day moving average is $11.19. The stock has a market capitalization of $90.12 million, a P/E ratio of -2.79 and a beta of 1.95.

BARK (NYSE:BARK) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.48. BARK had a negative net margin of 8.42% and a negative return on equity of 35.66%. The company had revenue of $78.81 million during the quarter, compared to the consensus estimate of $77.50 million. Research analysts anticipate that BARK, Inc. will post -1.2 earnings per share for the current year.

BARK Company Profile

BARK is a consumer products and services company focused on the canine market, offering a suite of subscription-based and direct‐to‐consumer offerings designed to meet the everyday needs of dogs and their owners. The company’s core business revolves around carefully curated boxes of toys, treats and chews, which are delivered monthly to subscribers through its flagship BarkBox service. Over time, BARK has expanded its reach beyond subscription, tapping into e-commerce and wholesale channels to broaden its customer base.

In addition to BarkBox, the company operates BarkShop, an online storefront that allows customers to purchase toys, grooming supplies and nutrition products on an a la carte basis.